Crossmark Global Holdings Inc. acquired a new position in shares of South Jersey Industries, Inc. (NYSE:SJI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 17,006 shares of the utilities provider’s stock, valued at approximately $587,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Phocas Financial Corp. lifted its stake in South Jersey Industries by 80.8% during the second quarter. Phocas Financial Corp. now owns 272,684 shares of the utilities provider’s stock worth $9,318,000 after purchasing an additional 121,858 shares during the last quarter. WFG Advisors LP lifted its stake in South Jersey Industries by 8.0% during the second quarter. WFG Advisors LP now owns 3,153 shares of the utilities provider’s stock worth $108,000 after purchasing an additional 234 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in South Jersey Industries by 0.8% during the second quarter. Public Employees Retirement System of Ohio now owns 3,585 shares of the utilities provider’s stock worth $122,000 after purchasing an additional 29 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in South Jersey Industries during the second quarter worth $587,000. Finally, Robecosam AG lifted its stake in South Jersey Industries by 3.8% during the second quarter. Robecosam AG now owns 135,000 shares of the utilities provider’s stock worth $4,625,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 69.88% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Crossmark Global Holdings Inc. Invests $587,000 in South Jersey Industries, Inc. (SJI) Stock” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. & international trademark & copyright legislation. The original version of this piece can be read at https://www.watchlistnews.com/crossmark-global-holdings-inc-invests-587000-in-south-jersey-industries-inc-sji-stock/1711382.html.

Several equities analysts recently issued reports on the company. Morgan Stanley raised their price objective on South Jersey Industries from $39.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Janney Montgomery Scott raised South Jersey Industries from a “neutral” rating to a “buy” rating in a research report on Tuesday, August 8th. They noted that the move was a valuation call. BidaskClub lowered South Jersey Industries from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Zacks Investment Research lowered South Jersey Industries from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Finally, Williams Capital raised South Jersey Industries from a “hold” rating to a “buy” rating and increased their target price for the stock from $36.00 to $37.00 in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $38.00.

Shares of South Jersey Industries, Inc. (NYSE SJI) opened at $32.65 on Friday. South Jersey Industries, Inc. has a 52-week low of $31.39 and a 52-week high of $38.40. The company has a quick ratio of 0.38, a current ratio of 0.47 and a debt-to-equity ratio of 0.97. The firm has a market capitalization of $2,590.91, a price-to-earnings ratio of 28.32, a price-to-earnings-growth ratio of 3.69 and a beta of 0.72.

South Jersey Industries (NYSE:SJI) last issued its earnings results on Thursday, November 2nd. The utilities provider reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.04). South Jersey Industries had a return on equity of 7.16% and a net margin of 3.13%. The company had revenue of $227.13 million during the quarter, compared to analyst estimates of $222.92 million. equities analysts anticipate that South Jersey Industries, Inc. will post 1.18 EPS for the current fiscal year.

South Jersey Industries Company Profile

South Jersey Industries, Inc (SJI) is an energy services holding company. The Company provides a range of energy-related products and services, primarily through its subsidiaries. Its subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).

Institutional Ownership by Quarter for South Jersey Industries (NYSE:SJI)

Receive News & Ratings for South Jersey Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for South Jersey Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.